Oh, the Humanity of Acquisitions
Valuable company assets, employees must be carefully considered
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Another concern for employees are potential changes to their existing benefit packages. During due diligence, Ennis’ human resources team goes into the location to research factors such as insurance coverage, 401Ks and pension plans, and comes up with a game plan for integrating the new company. In some instances, Ennis’ benefit package ends up costing less and providing more to employees. In other cases, particularly in areas where insurance is more competitive, a company may have a great, cost-effective insurance plan the employees are happy with. Sometimes, a plan can be cost effective, but it may not be working well. “The key is to find a solution that works well for all parties,” commented Osterloh.
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- Companies:
- Ennis, Inc.
Maggie Dewitt
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